Microsoft Workers Protest Pay Freeze Amidst Soaring Revenues
Employees at Microsoft, a tech giant valued at $2.5 trillion and enjoying impressive stock performance, are expressing their discontent following the announcement of a pay freeze for the current year. Despite the company’s substantial revenue growth in the past fiscal year, workers were informed by CEO Satya Nadella that there would be no salary increases for full-time salaried employees. This decision has sparked protests and criticism from employees who believe the freeze is unjustified given the company’s financial success.
In a memo dated May 2023, Microsoft CEO Satya Nadella conveyed the news to employees that there would be no salary increases for full-time salaried staff members in the current year. While certain hourly or equivalent roles would still receive salary adjustments, this announcement disappointed many employees who were hopeful for a pay raise.